The article sheds light on the Azhar Scholars Front’s statement which reveals that the Grand ImāmShaykh Muḥammad Sayyid Ṭanṭāwī has been inconsistent as far as his fatwas concerning bank interest are concerned. The statement shows that although he permitted it recently, in 1989 Ṭanṭāwī issued a Fatwá declaring that interest is a Ribā, that is Ḥarām.

The mufti denies reports about his intention to resign because of disputes between the Grand Imam and himself concerning fatwas related to martyrdom operations and bank deposits. He says that he works in total freedom and that he could say whatever he wants without the intervention of any official body.

Religious extremists started campaigning against Rose Al-Youssef because it published a series of taped interviews with them which unleashed their thoughts, methods and goals. Yasser Al-Serri felt cornered after the magazine revealed the unimportance of his role, and how flat his ideas are. Sheikh Omar Abdel-Rahman issued a statement to attack the articles of Al-Ibrashi. The attorney of sheikh Abu-Hamza "the Egyptian" decided to sue
Rose Al-Youssef.

2. Dean of the Faculty for Islamic fundamentals [Usul el-Din] says Interest on bank deposits is Halal [Allowed in Islam]!

Article pages:

5

Date of source:

September 1, 2000

Author:

Not mentioned

Summary

Article summary:

Dr. Abdel Mo’ti Bayoumi affirmed that borrowing from banks with interest and taking interest on deposits are both Halal. The conditions which must be met are that it should benefited the individual and the nation, the individual should be ignorant of matters relating to investing his own money or be unable to operate a business, which could provide him with an income, due to his ignorance of the financial aspects of business.